30-10-2014 23:52:00 | by: Administrator | hits: 27702879 | Tags:

HealthEC partners with Egyptian Health Department on implementation of CareConnect and 3D analytics platform
13-01-2022 | 14:44:00
HealthEC and Egyptian Health Department, provider of human services for the people of Southern Illinois, announced a partnership to implement a population health platform with a patient portal that will serve high-risk patients.
[Egypt] EIB supports Maspero metro station component in phase 3 of the Cairo Metro Line 3 project
12-01-2022 | 14:16:55
The European Investment Bank (EIB) has supported Maspero metro station component in phase 3 of the Cairo Metro Line 3 project in Egypt.
Afreximbank et la National Bank of Egypt s’engagent à stimuler les investissements dans le pays
12-01-2022 | 07:59:00
La Banque africaine d’Import-Export (Afreximbank) et la Banque nationale d’Égypte {National Bank of Egyp t– NBE} ont signé un protocole d’accord visant à promouvoir les flux commerciaux et d’investissement en Égypte.
Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country
12-01-2022 | 07:41:02
African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a Memorandum of Understanding (MOU) to promote trade and investment flows into Egypt.
Eni awarded five exploration licenses in Egypt
11-01-2022 | 08:14:57
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum.
GMG to open more than 100 stores in Egypt by 2026
11-01-2022 | 08:11:33
The company will introduce its portfolio of brands focused on personal well-being as part of its wider international expansion, outlined last October in a new corporate strategy promoting healthier and more active lifestyles through its offerings.
Egyptian Ministry of Petroleum awards Eni five new exploration licenses
11-01-2022 | 08:06:50
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore.
Egyptian fintech startups called to apply for Orange Ventures seed challenge
10-01-2022 | 12:41:00
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from Egypt with $570,000 in funding.
Egypt unveils plans for investments in its mining sector
10-01-2022 | 11:02:00
Oil Minister Tarek El Molla is on the record as saying he wants to increase mining’s contribution to GDP tenfold by 2026, and in order to achieve this the ministry is to aid the sector’s transformation into a lucrative investment spot.
Egypt’s Flat6Labs partners with ESLSCA University to launch student-focused incubation programme
05-01-2022 | 11:16:00
Flat6Labs has partnered ESLSCA University to launch a new innovation and entrepreneurship incubation programme to empower undergraduate students to develop viable and sustainable businesses upon graduation.
Abu Dhabi holding company ADQ deepens investment in Egypt with new office
04-01-2022 | 13:15:00
The opening of ADQ’s new office complements the $20 billion (AED 73 billion) strategic investment platform launched in 2019 between ADQ and The Sovereign Fund of Egypt (TSFE).
BRICS’s New Development Bank admits Egypt as new member
03-01-2022 | 15:01:34
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Egypt as a new member.
U.S. offers Egyptian students English skills and career paths
03-01-2022 | 10:47:00
Some of Egypt’s most talented students are building their future and their country’s with experience acquired from an American scholarship program.
Dana Gas Egypt collections reach $39 million in December 2021
03-01-2022 | 10:15:00
Dana Gas PJSC has received a payment of $39 million from the Egyptian Government in December to its lowest levels since commencing operations there in 2007.
[Egypt] Ride sharing startup, Swvl, to list on Nasdaq
30-12-2021 | 11:41:00
Egyptian ride-hailing startup Swvl will offer 35 percent of its shares on the Nasdaq stock exchange through a merger with US SPAC Queen’s Gambit Growth Capital.
APA Corporation to invest $3.5bn in oil exploration in Egypt
29-12-2021 | 10:56:00
The Minister of Petroleum and Mineral Resources has signed an agreement with the Egyptian General Petroleum Corporation and American Apache to invest $3.5bn on exploration, development and production in the concession areas of the Western Desert.
National Bank of Egypt conducts more than half of national e-commerce transactions - bank official
28-12-2021 | 11:28:47
Mohamed Gamil at the National Bank of Egypt has disclosed that the bank accounts for about 60% of the e-commerce transactions market and 47% of the total POS machines in Egypt.
[Egypt] AUB secures $82m fund from international institutions
28-12-2021 | 09:49:00
Ahli United Bank has received a financing package of $82m from the European Bank for Reconstruction and Development, the European Union, and the Green Climate Fund.
Egyptian copper exports rise by 130% in 2021
27-12-2021 | 12:01:00
Egypt’s copper exports rose 130 percent in 2021 between January and October, the country’s Export Council for Building Materials said in its latest report.
Egypt signs $1bn oil exploration deal with Italy’s Eni
27-12-2021 | 10:28:00
Egyptian General Petroleum Corporation has signed a $1 billion agreement with the Italian energy company Eni, for oil exploration in the Gulf of Suez and Nile Delta region in Egypt.
SDX Energy completes drilling at MSD-21 well at West Gharib concession, Egypt
23-12-2021 | 12:16:00
SDX Energy, the MENA-focused energy company, announced the completion of drilling at the MSD-21 infill development well on the Meseda field in its West Gharib concession, Egypt, where SDX has 50% working interest.
TransGlobe announces ratification of consolidated and amended Eastern Desert Production Sharing Contracts in Egypt
22-12-2021 | 13:18:35
TransGlobe Energy announced it received notification that its agreement with the Egyptian General Petroleum Corporation (EGPC) to merge, amend and extend its three existing Eastern Desert concessions, has been ratified into Egyptian Law.
EBRD, EU and GCF partner to expand access to finance for Egyptian private sector
21-12-2021 | 08:18:00
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) have partnered to boost green finance and the development of value chains for the Egyptian private sector.
[Egypt] Financial wellness platform NowPay announces new partnership with world's biggest food and beverages providers
20-12-2021 | 09:48:00
NowPay, Egypt’s leading financial wellness platform has announced partnerships with some of the world’s biggest names in the food and beverages sector, including McDonalds and KFC
GMG extends Nike partnership to Egypt
15-12-2021 | 07:27:56
The expansion of GMG’s Nike distribution contract in Egypt and Iraq marks a new chapter of growth for the 40-year long partnership between the two companies.
HSBC Egypt launches EGP 3billion trade fund for SMEs
15-12-2021 | 07:19:44
The Fund is open to new and existing customers with cross border trading requirements or those that aspire to grow especially in the industrial and service sectors.
QatarEnergy enters Egypt's upstream sector in two offshore exploration blocks
14-12-2021 | 12:12:00
QatarEnergy entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.
Orange et la Coopération Allemande inaugurent le 7e Orange Digital Center d'Afrique et du Moyen-Orient
13-12-2021 | 08:37:00
Orange et la Coopération Allemande inaugurent, en plein cœur de la ville du Caire, le 7e « Orange Digital Center », un écosystème entièrement dédié au développement des compétences numériques et à l’innovation pour former les jeunes aux nouvelles technologies et renforcer leur employabilité.
Egyptian fintech startup Sympl raises $6m to accelerate growth of its merchant network
09-12-2021 | 10:53:00
Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announced it raised $6 million funding round led by Beco Capital along with A15, and Global Ventures. Sympl will use the proceeds to accelerate the growth of its merchant network.
IHG Hotels & Resorts further expands into Egypt with signing of InterContinental Cairo New Capital
08-12-2021 | 09:28:06
Scheduled to open in early 2026, this signing reinforces IHG’s commitment to growing its brand portfolio in the country and solidify its presence in the luxury and lifestyle segment in the region.
Abu Dhabi's Chimera invests $100 million in Gemini Global Development Egypt
07-12-2021 | 08:10:55
Egyptian businessman CEO and Chairman of Ora Developers, Naguib Sawiris has announced the signing of an investment deal with Abu Dhabi’s Chimera whereby Chimera, through its subsidiary, will subscribe to a capital increase in Gemini Global Development Egypt (“Gemini”) in return for a significant minority equity stake in Gemini.
American Platform Leaders launches online real estate platform in Egypt
06-12-2021 | 09:16:46
It will launch its services in Egypt as a first step to penetrate other markets in the Middle East and Africa, considering Egypt as one of the most promising markets in the region, according to careful research studies carried out by the company's team abroad led by Ahmed Elbatrawy, the company’s chairman and founder of the new platform.
[Egypt] Fintech startup KlickIt raises funding led by EFG Finance and dfin’s Camel Ventures
06-12-2021 | 07:08:00
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop its platform.
Huawei and UNESCO to implement project in Africa for digital education systems
01-12-2021 | 08:26:21
UNESCO and Huawei announced the launch of the implementations phase of the Technology-Enabled Open Schools for All (TeOSS) project in Ghana, Ethiopia, and Egypt.
ITIDA partners with PepsiCo Egypt to expand regional shared services
30-11-2021 | 16:32:07
The aim is to expand its regional shared services operations in PepsiCo’s Cairo Business Services (CBS) Hub.
Egypt takes over the Chair of COMESA
26-11-2021 | 13:35:00
Egypt is the new Chair of the COMESA Heads of State and Authority after taking over from Madagascar that has been steering the organization since 2016.
Lucky Egypt, Abu Dhabi Bank and Visa launch the Lucky Visa Platinum Credit Card in Egypt
25-11-2021 | 07:21:00
The protocol aims to facilitate obtaining a credit card for customers through the application with simple procedures. If approved, the credit card will be delivered to the customer.
Telecom Egypt deploys Ciena’s optical tech on its MENA Cable to maximize capacity
24-11-2021 | 11:52:41
Ciena’s WaveLogic 5 Extreme gives Telecom Egypt the highest capacity per wavelength, which dramatically reduces the cost per bit, and provides the best-in-class spectral efficiency, highest bit rate per wavelength, space utilization efficiency, and power efficiency. T
Jumia Egypt partners with valU to provide new online payment channels
23-11-2021 | 09:56:18
The partnership allows JumiaPay as a payment gateway to manage the payment operations of valU consumers by linking valU and JumiaPay for electronic payment services.
Pharos Energy recommences El Fayum development drilling in Egypt
23-11-2021 | 09:03:00
Pharos Energy, an independent oil and gas exploration and production company, announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme.
ENOC signs agreement with Royal Marine Services to distribute lubricants in Egypt
22-11-2021 | 12:32:08
The agreement will enable Royal marine services to distribute ENOC’s marine lubricants in Egypt boosting the Group’s lubricants presence in a thriving market.
Cairo among the most popular air travel destinations in MENA region, Wingie research
22-11-2021 | 12:24:00
Wingie, a Germany-based flight-booking website, has released new data on changing trends pertaining to air travel in the Middle East and North Africa (MENA).
[Egypt] EFG Hermes Holding concludes acquisition of Arab Investment Bank
19-11-2021 | 07:56:58
The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake.
Real estate firm Coldwell Banker launches its latest franchise programme in Egypt
18-11-2021 | 15:39:10
Coldwell Banker - Egypt, a pioneer in real estate investment and marketing, has announced the launch of its new Franchise Program in Egypt for the first time.
AD Ports signs MoU with Egypt to develop and Operate new terminal in Safaga Port
18-11-2021 | 07:47:00
AD Ports Group signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals, for the development and operation of a multipurpose terminal in Safaga Port.
United Oil & Gas announces spudding of AJ-13 development well onshore Egypt
18-11-2021 | 07:18:00
United Oil & Gas announced the spudding of the Al Jahraa-13 development (AJ-13) well in the Abu Sennan licence, onshore Egypt.
PXGEO receives Egyptian 3D towed streamer project award for Q4 2021
17-11-2021 | 08:17:54
PXGEO has been awarded a project in the Egyptian Red Sea to commence in November 2021 with an approximate duration of four months and will be acquired by seismic vessel PXGEO 2.
ADCB-Egypt and SAS set to unveil AI-powered fraud detection solution
17-11-2021 | 06:48:55
ADCB-Egypt, in collaboration with SAS, a player in Analytics, have announced their partnership for the implementation of Egypt’s first AI-powered fraud detection solution aimed at enhancing the bank’s real time fraud prevention capabilities.
IFAD invests $67.43 million to increase productivity of Zimbabwe smallholder farmers
12-11-2021 | 09:08:00
The International Fund for Agricultural Development (IFAD) has announced support for a new $67.43 million investment programme that seeks to increase productivity and rural incomes for 78,000 vulnerable rural households in Zimbabwe.
Alstom and Egyptian National Railways Authority ink deal to to modernise the Tanta – Zifta – Zagazig mainline
12-11-2021 | 09:05:00
In addition, the contract includes the testing and commissioning of signalling, telecom and power systems, civil works, trenching works and track-works including doubling of the track.
NBK-Egypt invests EGP 850 million in Madkour for Projects Company
12-11-2021 | 07:28:57
National Bank of Kuwait - Egypt (NBK-Egypt) has provided a finance of EGP 850 million to Madkour for Projects Company, one of the national companies in the field of energy and infrastructure projects, for the purpose of carrying out the works assigned to the company by the Ministry of Housing.
Vodacom Group to acquire control of Vodafone Egypt for R41 billion
10-11-2021 | 09:39:00
Vodacom Group announced it has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators.
Mastercard and Paymob launch Tap-On-Phone in Egypt, a new digital payment solution for small businesses
09-11-2021 | 09:43:00
Paymob, Egypt’s pioneer in digital payments, has partnered with Mastercard to launch the Tap-on-Phone digital payment acceptance service in Egypt, the first-of-its-kind in the country.
IFC partners with Liquid Intelligent Technologies to boost Africa’s digital infrastructure
08-11-2021 | 11:08:00
To support universal and affordable broadband access in Africa, IFC has partnered with Liquid Intelligent Technologies to expand data center capacity and the rollout of fiber-optic cable on the continent.
Jumia launches Black Friday campaign in Egypt
05-11-2021 | 07:07:49
In its ninth edition, Jumia in partnership with thousands of sellers and brands like American Eagle, Dove, LC Waikiki, Banque Misr, Viu and KFC will offer consumers a wide assortment of products at the best prices.
World Bank approves $360m to support Egypt’s inclusive and sustainable economic growth
04-11-2021 | 08:56:00
The World Bank approved a $360 million Development Policy Financing (DPF) loan to support Egypt’s recovery and enhance the country’s prospects for sustainable and inclusive growth.
Beta Egypt inks mortgage financing protocol with Qatari National Bank
04-11-2021 | 07:34:15
The deal allows Beta Egypt customers to purchase luxury units making use of the long-term mortgages the bank will offer at an interest rate of 8.3 per cent, as part of the Central Bank of Egypt's (CBE) initiatives, along with a variety of QNB mortgage programs.
[Egypt] Mastercard partners with MoneyFellows to launch innovative digital solutions
02-11-2021 | 10:14:45
Mastercard has partnered with MoneyFellows, the digitized ROSCA (Rotating Saving and Credit Association) system, to offer MoneyFellows customers a range of new digital solutions and services that will help drive the expansion of Egypt’s digital economy.
TGS partners with Schlumberger for new 3D multi-client seismic survey in Egyptian Red Sea
02-11-2021 | 09:47:00
TGS, a global provider of energy data and intelligence, announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger.
Pharos Energy receives Cabinet approval of El Fayum Amendment in Egypt
02-11-2021 | 08:49:00
Pharos Energy, an independent oil and gas exploration and production company, announced Egyptian Cabinet approval of the Third Amendment of its El Fayum Concession Agreement.
U.S. government provides $125m in economic assistance to Egypt
02-11-2021 | 07:36:00
The U.S. government, through the U.S. Agency for International Development (USAID), and the Ministry of International Cooperation announced seven bilateral assistance agreement amendments worth $125 million in Egypt.
Egypt's MIDBANK selects Temenos to power its digital transformation
02-11-2021 | 06:50:10
Temenos, the banking software company, announced that MIDBANK, a universal bank in Egypt providing retail, corporate, and investment banking services, has selected Temenos' open banking platform to power its digital transformation.
Mastercard partners with Banque Misr’s MDI to enhance seamless banking experience in Egypt
29-10-2021 | 13:25:00
In line with its mission to drive the evolution of financial services in Egypt, Misr Digital Innovation (MDI) signed a seven-year strategic partnership with Mastercard to provide Egyptians with an easy, smooth, and secure banking experience.
OPEC Fund partners with Asian Infrastructure Investment Bank to provide infrastructure funding in Egypt
28-10-2021 | 14:55:24
The financing package includes a $150 million loan from AIIB and a $50 million loan from the OPEC Fund, and will help bridge the infrastructure funding gap in Egypt, leveraging NBE’s broad network in the country.
Eni announces new discoveries in Western Desert, Egypt
28-10-2021 | 11:09:00
Eni announced new discoveries in Meleiha and South West Meleiha concessions, in the Western Desert of Egypt. Preliminary estimates of the resources associated to these new discoveries are at 50 Mboe of hydrocarbon in place.
Nestlé Waters Egypt launches country's first water bottle made of 100 per cent recycled plastics
26-10-2021 | 14:15:07
Nestlé Pure Life has launched Egypt’s first water bottles made of 100% recycled plastics (rPET) in its 1.5 liters format as it continues its move towards more sustainable packaging.
Telecom Egypt secures $500m medium-term syndicated loan to support capital expenditure
26-10-2021 | 07:44:00
Telecom Egypt has secured a new $500million medium-term syndicated loan to be used to support its capital expenditure and refinance existing short-term facilities.
Zoomcar launches operations in Egypt
21-10-2021 | 09:48:10
Zoomcar, who dominates the car sharing market in India, has expanded to the MENA region and recently appointed Hany Olama as their country head in Egypt to help scale their car sharing marketplace.
EBRD, EU and Reefy partner support women entrepreneurs in Egypt
20-10-2021 | 08:11:00
The European Bank for Reconstruction and Development (EBRD) is stepping up its support for women entrepreneurs in Egypt, with a loan of €4.3 million to Reefy Microfinance Enterprise Services, the country’s first licensed microfinance institution.
NCTS Selects Hughes JUPITER System to Deliver Satellite Broadband Connectivity in Egypt
18-10-2021 | 13:53:12
Hughes Network Systems, LLC (HUGHES) has announced that the National Company for Telecommunications Services (NCTS) has selected the Hughes JUPITER™ System to deliver the ground segment requirements for operation of the Ka-band TIBA-1 satellite
IFC partners with Egypt’s National Council for Women to boost economic opportunities for women
15-10-2021 | 09:49:00
IFC and Egypt's National Council for Women signed an agreement that will help increase women's economic participation, including by boosting their access to bank lending, promoting equal pay, and providing more flexible work options.
Volante Technologies and MDSL partner to modernize payments in Egypt
13-10-2021 | 12:22:26
Volante Technologies, the global player in cloud payments and financial messaging, has announced a partnership with MDSL, a specialist in the integration of turnkey banking solutions in the Middle East, to enhance and automate banking payments in Egypt.
Dana Gas’s KRI and Egypt collections almost doubled in 9M 2021
08-10-2021 | 08:02:00
Dana Gas announced that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year.
Egypt launches its debut $2 billion ESG Term Loan and Islamic Term Financing Facility
08-10-2021 | 07:28:17
The Government of The Arab Republic of Egypt, acting through the Ministry of Finance has announced the launch of its debut Syndicated ESG Term Loan and Islamic Term Financing Facility.
ITIDA joins forces with Plug and Play to launch an open innovation hub in Cairo, Egypt
01-10-2021 | 13:01:00
Global innovation platform Plug and Play is partnering with the Egyptian Information Technology Industry Development Agency (ITIDA), to launch an Open Innovation Hub in Cairo.
Information Technology Industry Development Agency partners with Plug and Play to launch Innovation Hub in Egypt
01-10-2021 | 08:58:48
Plug and Play Egypt is scheduled to launch in November 2021 and will have an initial focus on Digital Transformation in Fintech, Insurtech, Energy, IoT, Mobility, Healthcare, and Sustainability amongst other industries.
IBM partners with ACME SAICO and Egypt's Ministry of Supply and Internal Trade to automates wheat silos processes
30-09-2021 | 09:37:01
IBM and business partner ACME SAICO, have announced the automation of 22 wheat silos across Egypt by the end of this year using IBM AI-powered automation software.
Africa CDC to launch Eastern Regional Co-ordination center
27-09-2021 | 09:39:00
The African Union (AU) through the Africa Centres for Disease Control and Prevention (Africa CDC) is set to launch the Eastern regional co-ordination center in Kenya come October 1.
Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum Corporation and Cairn Energy
24-09-2021 | 15:55:22
Shell Egypt N.V. and Shell Austria GmbH, subsidiaries of Royal Dutch Shell (Shell), have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy.
Danone Egypt launches its Zero food waste initiative
22-09-2021 | 08:55:29
Inspired by Egypt’s commitment towards its transformational SDG journey as well as contributing to Danone’s Global goal to reducing 50% of food waste by 2030; Danone Egypt has launched its initiative towards “Zero Food Waste” in partnership with The Egyptian Food Bank
Egyptian health-tech startup Sotech raises $1 million in pre-seed funding
20-09-2021 | 12:27:00
Sotech, an Egyptian e-health startup that specializes in smart IoT, trackable OOH advertising, and data gathering has raised US$1 million in pre-seed funding round to scale its operations into the rest of the MENA region.
Chinese ride-hailing firm Didi Chuxing launches in Egypt
20-09-2021 | 11:45:00
After launching in South Africa in March this year, Chinese ride-hailing firm Didi Chuxing has now launched its operations in Egypt.
[Egypt] Ora Developers inks deal with Jaggaer to implement source-to-pay platform
16-09-2021 | 12:22:26
The intuitive platform will enable better sourcing decisions, faster cycle times as well as streamlined data processes for enhanced collaboration and supplier relationships.
Radisson Hotel Group on track to reach 50 hotels in North Africa by 2025
15-09-2021 | 10:52:58
Radisson Hotel Group, one of the world’s leading hotel companies, has set a record in its North African expansion, with the signing of nine hotels, to date this year. 
Recruitment technology firm Bloovo expands into Egypt and the US
15-09-2021 | 10:50:03
Bloovo, the recruitment technology company specializing in the provision of AI-powered talent acquisition solutions has expanded to Egypt and the US markets with its wide portfolio of solutions and products
Pharos Energy farms out interests in El Fayum and North Beni Suef Concessions in Egypt
15-09-2021 | 08:42:00
Pharos Energy announced that Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions to IPR Lake Qarun Petroleum Co.
EBRD finances 6th of October Dry Port in Egypt under EBRD Green Cities
13-09-2021 | 14:45:33
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of the first inland dry port in Egypt, in 6th of October City, west of Cairo, with a €25 million loan to October Dry Port Company.
Egyptian government targets over 60 million rural people with high speed internet
13-09-2021 | 07:04:14
Egypt has already invested more than $2 billion to increase average internet speed in major cities from 6.5 to 42.5 megabytes per second – a sevenfold increase in two years
EBRD partners with NBKE to promote renewable energy and efficiency in Egypt
10-09-2021 | 08:50:00
The European Bank for Reconstruction and Development (EBRD) is boosting renewable energy and energy efficiency in Egypt with $25 million loan to the National Bank of Kuwait Egypt (NBKE).
Egyptian fintech MNT-Halan secures $120m circa investment from global investors
08-09-2021 | 15:02:00
Egypt’s fintech ecosystem MNT-Halan announced a circa $120 million investment by global and regional growth investors- Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners.
MPESA Africa reaches 50 million monthly active customers
08-09-2021 | 09:14:08
Launched more than 14 years ago in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, DRC, Lesotho, Ghana and Egypt.
IFC invests in BCI Holding, creates manufacturing jobs in Egypt, Algeria and Nigeria
08-09-2021 | 08:30:00
A financing package from IFC will help BCI Holding SA, a regional manufacturer and distributor of polyurethane (PU) raw materials, systems and specialities to further expand its production in Algeria, Egypt, and Nigeria.
Sungrow to implement Solar-Plus-Storage project at Egypt’s Sukari Gold Mine
03-09-2021 | 10:03:00
Chinese inverter supplier has been selected by German developer to supply inverters and a storage system for the construction of a hybrid off-grid solar photovoltaic system and battery storage system in Egypt.
Upper Egypt Local Development Program selects Esri Software for Data-Driven Governance
03-09-2021 | 08:19:04
To address this challenge, the Egyptian Ministry of Local Development and the World Bank launched the Upper Egypt Local Development Program (UELDP) a year later.
Siemens Mobility signs $3 billion contract for Turnkey Rail System in Egypt 
02-09-2021 | 10:17:04
Together with partners Orascom Construction S.A.E. and The Arab Contractors, Siemens Mobility will provide its comprehensive turnkey services to design, install, commission, and maintain the systems for 15 years.
Sungrow supplies the largest solar-plus-storage solution for Northern Africa mining site
31-08-2021 | 08:50:09
The project will be the largest solar-plus-storage plant located at a mine site, significantly facilitating the energy transition for minerals in the MENA region.
Orange lance la 3ème édition de la compétition Orange Esport Experience
27-08-2021 | 08:50:00
Orange a ainsi lancé une plateforme digitale exclusivement dédiée au gaming qui réunit aujourd’hui plus de 10 000 joueurs issus de plus de 15 pays.
Egyptian B2B e-commerce startup MaxAB acquires distribution platform WaystoCap
25-08-2021 | 13:08:07
The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region.
Siemens Energy supports Egypt to develop Green Hydrogen industry
25-08-2021 | 10:34:47
​​​​​​​Siemens Energy has signed a memorandum of understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability.
Amr Tharwat appointed new MD and CEO of Bank ABC Egypt 
24-08-2021 | 15:10:07
Amr brings to the role over 26 years of substantial local and regional corporate and investment banking experience gained from a variety of senior positions in MENAT.